## |||~Pa e| |---|---|---| |Company|Information|| |Governors'|Report|4-10| |Auditor's|Report|11-15| |Statement|of Financial Activities|16| |Balance Sheet||17| |Cash Flow|Statement|18| |Notes to the Financial Statements||19-26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Notes|Unrestricted|Restricted|Total|Tota I| |---|---|---|---|---|---|---|---|---| ||||||Funds|Funds|2021|2020| ||||||6|E|E|E| |INCOME FROM:||||||||| |Grants and|Donations||||76,974|25,000|101,974|320,029| |Charitable|activities
—Operation||ofthe school|||||| |||School Fees|||3,255,399||3,255,399|3,453,575| |||Extra Support Fees|||35,833||35,833|26,201| |Other trading||activities||||||| |||School Shop commission|||4,367||4,367|3,178| |||Lettings|||31,949||31,949|12,360| |Investments|||||43||43|1,374| |Other|||||21,704||21,704|33,061| |Tota
I Income|||||3,426,269|25,000|3,451,269|3,849,777| |EXPENDITURE||ON:||||||| |Raising funds|||||43,176||43,176|33,273| |Charitable|activities|||||||| |||Costs ofoperation|ofschool||3,454,616|15,491|3,470,107|3,749,744| |Total Expenditure|||||3,497,792|15,491|3,513,283|3,783,018| |Net Income/(Expenditure)|||||-71,523|9,509|-62,014|66,759| |Reconciliation||of Funds:||||||| |Total funds|at|1September 2020|||3,651,970|57,891|3,709,861|3,643,105| |Tota
Ifunds|at|31August 2021|||3,580,447|67,400|3,647,847|3,709,864| ## ## |||||Note||||| |---|---|---|---|---|---|---|---|---| |||||||2021||2020| |||||||E||E| |CASH FLOWS FROM OPERATING ACTIVITIES:||||||||| |Net cash provided
by (used in) operating||||||||| |activities||||||285,019||171,174| |CASH FLOWS FROM INVESTING ACTIVITIES:||||||||| |Interest from investments|||||43||1,374|| |Purchase
of property,
plant and equipment|||||-164,063||-46,265|| |Proceeds from the sale of property,|plant||and equipment||5/96||2,000|| |Net cash provided
by (used in) investing||activities||||-158,423||-42,891| |CASH FLOWS FROM FINANCING
ACTIVITIES||||||||| |Repayment
of bank loans|||||-71,115||-55,365|| |Finance lease|||||54,072|||| |Repayment
offinance lease|||||-9,012||0|| |Interest
paid|||||-43,449||-50,474|| |Net cash provided
by (used in) financing||activities||||-69,503||-105,839| |CHANGE
IN CASH AND CASH EQUIVALENTS||||||||| |IN THE REPORTING
PERIOD||||||57,093||22,445| |CASH AND CASH EQUIVALENTS AT THE|BEGINNING OF|||||||| |THE REPORTING
PERIOD||||||402,368||379,922| |CASH AND CASH EQUIVALENTS AT THE|END|OF||||||| |THE REPORTING
PERIOD||||||459,462||402,368| |a. Reconciliation
ofnet income/(expenditure)|||with|||||| |net cash flow from operating||||activities||2021||2020| |||||||E||E| |Net income/(expenditure)
for the reporting|||period|(as per the||-62,014||66,759| |statement offinancial
activities)||||||||| |Adjustments
for:||||||||| |Depreciation
charges||||||193,360||189,253| |Interest from investments||||||43||-1,374| |Interest
paid||||||43,449||50,474| |(Profit)/loss
on disposal offixed assets||||||-381||-1,493| |(Increase)/decrease
in stocks||||||-150||2,541| |(Increase)/decrease
in debtors||||||59,342||-25,602| |Increase/(decrease)
in creditors||||||51,456||-109,384| |Net cash provided
by (used in) operating||activities||||285,019||171,174| ## ## |Land and buildings
existing|at 31August 1992|at 31August 1992|Nil|||| |---|---|---|---|---|---|---| |Improvements
to freehold|property|since 1992|-1096 straight|line
(to|31August 1999)|| ||||-2% straight|line
(from 1September||1999)| |Administration
office equipment|||-33)6 straight|line (SL)||| |Educational
equipment|||-2596 straight|line (SL)||| |Specific items|||-33% straight|line (SL)||| |Motor vehicles|||-2596 reducing|balance|(RB)|| |Furniture
and fittings|||- 1096 reducing|balance|(RB)|| |Estate equipment|||- 2036 reducing|balance|(RB)|| |Swimming
pool equipment|||-20% reducing|balance|(RB)|| ## |CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED|CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED|CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED|CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED|CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Limited
b
Guarantee|||||||||||||||||| |NOTES TO THE FINANCIAL STATEMENTS|||||||||||||||||| |FOR THE YEAR ENDED 31AUGUST 2021|||||||||||||||||| |1. ACCOUNTING
POLICIES (continued)|||||||||||||||||| |(f) Expenditure|||||||||||||||||| |Expenditure
is accounted for on an accruals|||basis.
Expenditure|||||is allocated to expense headings|||either||on a direct cost||||| |basis, or apportioned
according to time spent.|||||||||||||||||| |The school is not registered for VAT and all|||costs||include
VAT||where this has been charged.||||||||||| |Governance
costs comprise
the costs ofaudit and is included|||||||within support costs.||||||||||| |(g) Debtors|||||||||||||||||| |Debtors are measured
at the amounts||the charity|||anticipates||it will receive from a debt or the amount|||||it|has paid in||||| |advance for goods or services,|Prepayments||are|valued at the||||amount
prepaid|net of any trade discounts|||||due.|||| |(h) Cash at bank and in hand|||||||||||||||||| |Cash at bank and in hand includes cash||and|cash||on deposit.||||||||||||| |(i) Creditors|||||||||||||||||| |Creditors are measured
at the amounts||the|charity anticipates|||||it will pay to settle a||debt or the amount||it||has|received as||| |an advance payment
for goods|or services it must||||provide.|Liabilities are recognised||||when there|is an||||||| |obligation to transfer economic benefits as|||a result ofpast|||events.|||||||||||| |(j) Financiallnstruments|||||||||||||||||| |The School only has financial assets and||financial|||liabilities ofa|||kind that qualify|as basic financial||instruments.||||Basic||| |financial
instruments
such as trade and||other debtors and creditors are initially|||||||recognised at transaction||||value||and||| |subsequently
measured
at their|settlement||value||with the exception of bank loans which are subsequently|||||||||measured||at|| |the carrying value plus interest|less repayments.||||||||||||||||| |(k) Teaching Costs|||||||||||||||||| |Supplies ofgames equipment,|books, stationery|||and sundry||materials are written off to the Income and|||||||Expenditure||||| |account when the expenditure|is incurred.||||||||||||||||| |(I) Pension costs|||||||||||||||||| |Contributions
in respect ofthe Teachers'||Superannuation
Scheme and the company's||||||||defined
contribution||||schemes|||| |are charged to the Income and|Expenditure||account in the year|||||for which they are payable to the|||schemes.||||||| |The company's
contribution
to these schemes for|||||the year was|||E318,450(2020:E356,715).|||||||||| |||||||||||2021|||||||2020| |2. GRANTS AND DONATIONS||||||||||E|||||||E| |Government
Grants - Coronavirus|Job Retention Scheme|||||||||72,520|||||||296,562| |- Kickstart||||||||||3,912|||||||0| |Donations - Unrestricted||||||||||542|||||||100| |Restricted||||||||||25,000|||||||23,366| |||||||||||101,974|||||||320,029| |||||||||||2021|||||||2020| |3. OTHER INCOME||||||||||E|||||||E| |Registration
fees||||||||||7,391|||||||5,879| |Insurance
Claims||||||||||0|||||||2,400| |Sundry
income||||||||||6,210|||||||13,399| |Holiday Courses||||||||||2,024|||||||5,494| |Surplus(loss)
on recoverable
costs||||||||||6,079|||||||5,889| |||||||||||21,704|||||||33,061| |||||||||||~2021|||||||~2020| |4. EXPENDITURE||||||||||E|||||||E| |Direct charitable
expenditure
includes:|||||||||||||||||| |Depreciation||||||||||193,360|||||||189,253| |Auditors'
remuneration|||||||||||||||||| |for audit||||||||||6,000|||||||6,000| |for other services||||||||||0|||||||1,320| ||||||||||||||||||2021||||||2020| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |5. STAFF COSTS|||||||||||||||||f||||||f| |Wages and salaries|||||||||||||||1,969,456|||||||2,190,437|| |Redundancy
and termination||||settlements||||||||||||35,624|||||||37,922| |Social security costs||||||||||||||||155,284||||||174,662|| |Pension contributions||||||||||||||||318,449||||||356,715|| |Other staff costs||||||||||||||||19,097|||||||16,714| ||||||||||||||||2,497,911|||||||2,776,449|| |The average number ofemployees|||||in the year||was:||||||||||No.||||||No.| |Teaching
Full time|||||||||||||||||31||||||35| |Teaching
Part time|||||||||||||||||24||||||33| |Welfare|||||||||||||||||23||||||23| |Premises|||||||||||||||||5||||||6| |Administration|||||||||||||||||20||||||23| |Total|||||||||||||||||103||||||120| ||||||||||||||||||2021||||||2020| |The number of employees|||whose emoluments||||||||||||||No.||||||| |exceeded f60,000were:|||||||||||||||||||||||| |f70,000-f80,000|||||||||||||||||||||||| ||||||||||||||||||f||||||f| |Remuneration
to Governors|||||||||||||||||Nil||||||Nil| |Expenses reimbursed|to|Governors|||||||||||||||f0||||||f337| |Governors
travel expenses|||and consultancy|||services||-|zero|Governors|(2020:||3)||||||||||| |The executive management||||ofthe school is delegated|||||by the Governors to the|||||Headmaster|||with financial||management|||and|| |administration
in the hands ofthe Bursar who|||||||are considered to be the key management|||||||||personnel||ofthe school. The||||total|| |paid to these employees||during the year (excluding||||||pension contributions)||||was||f139,613(2020:f143,803).|||||||||| |The total ofredundancy||payments|||charged|for|the year to|||31August|2021was|||f35,624||(2020:f37,922),|||which was outstanding||||at the| |year end. The School's|policy|||for any necessary|||redundancy|||or termination||payments|||is|settled
in accordance|||||with the|appropriate|| |legal advice.|||||||||||||||||||||||| |6.a. ANALYSIS OF EXPENDITURE 2021|||||||||Staff
costs|||0th||~hi|||tt||||Total
2021||Tota I
2020| |||||||||||f|||f||||f||||f||f| |Raising Funds|||||||||||||||||||||||| |Marketing
gt publicity|||||||||||43,176||||||||||43,176||33,273| ||||||||||||43,176||||||||||43,176||33,273| |Charitable
activity- operation|||ofthe school||||||||||||||||||||| |Teaching costs||||||||1,829,623|||181,296|||||68,218|||2,079,137|||2,292,110|| |Welfare|||||||||231,438||91,629||||||5,650|||328,716||334,703|| |Premises|||||||||100,907||299,724|||||119,492||||520,123||483,038|| |Charitable
support costs:|||||||||||||||||||||||| |Administration
ofthe|School||||||||335,943||156,738|||||||||492,681||582,100|| |Interest payable|||||||||||43,449||||||||||43,449||50,474| |Governance
costs (note||6c.)||||||||||6,000|||||||||6,000||7,320| |Costs ofoperation
ofthe school||||||||2,497,911|||778,835|||||193,360|||3,470,107|||3,749,744|| |Tota I expenditure||||||||2,497,911|||822,012|||||193,360|||3,513,283|||3,783,018|| ||||||Staff
costs
E|Other
E|~Dt|Total
2020|| |---|---|---|---|---|---|---|---|---|---| |Raising
Funds|||||||||| |Marketing||gt publicity||||33,273||33,273|| |||||||33,273||33,273|| |Charitable
activity-||||operation ofthe school|||||| |Teaching|costs||||2,055,525|174,610|61,976|2,292,110|| |Welfare|||||225,652|101,133|7,918|334,703|| |Premises|||||113,912|249,766|119,359|483,038|| |Charitable
support||||costs:|||||| |Administration||||ofthe School|381,360|200,740||582,100|| |Interest payable||||||50,474||50,474|| |Governance||costs (note S.a.j||||7,320||7,320|| |Costs ofoperation|||ofthe school||2,776,449|784,042|189,253|3,749,744|| |Total expenditure|||||2,776,449|817,316|189,253|3,783,018|| |6.c.GOVERNANCE|||COSTS||||||| ||||||||2021||2020| |Staff costs|||||||||| |Auditors'|remuneration||||||||| |||-for||audit|||6,000||6,000| |||-for||other|||0||1,320| ||||||||6,000||7,320| |7. TANGIBLE FIXED||||ASSETS|||Freehold||| ||||||||Property||Administration| ||||||||and||Office| ||||||TOTAL||t||Etta| ||||||E||||E| |COST|||||||||| |01.09.20|||||9,419,189||7,296,201||17,549| |Additions|||||164,063||60,120||| |Disposals|||||-101,680||||| |31.08.21|||||9,481,571||7,356,320||17,549| |DEPRECIATION|||||||||| |01.09.20|||||3,706,078||1,880,320||17,549| |Provided
in|year||||193,360||119,493||| |Disposals|||||-96,467||||| |31.08.21|||||3,802,969||1,999,813||17,549| |NET BOOK VALUE|||||||||| |31.08.21|||||5,678,602||5,356,506||| |31.08.20|||||5,713,111||5,415,881||| ## |||||||||2021||2020|| |---|---|---|---|---|---|---|---|---|---|---|---| |11.CREDITORS: due|||after more||than|one year||E||E|| |Bank loan||||||||1,736,738||1,827,961|| |Obligations||under Finance|||Leases|||27,036||0|| |Fees and|deposits
received||||in advance||||||| |- amount|due within
five years|||||||165,737||167,646|| |||||||||1,929,511||1,995,607|| |The bank loan is|||secured|by|legal|charges over the school's freehold|property.||||| |||||||||Bank Loans|Finance Leases|Bank Loans|Finance Leases| |||This|loan is repayable|||as follows:||2021|2021|2020|2020| |||||||||E|E|E|0| ||||||Within|one year||114,596|18,024|94,478|| ||||||Between one and two years|||114,783|18,024|108,635|| ||||||Between two and five years|||346,357|9,012|312,084|| ||||||In more than five years|||1,275,598|0|1,407,242|| |||||||||1,851,333|45,060|1,922,439|| |||||||||2021||2020|| |12. DEFERRED||INCOME||||||E||E|| |Brought forward|||at 1September|||2020||392,909||462,296|| |Released|in|the|year|||||-313,810||-366,686|| |Deferred|in|the|year|||||310,223||297,300|| |Carried forward|||at 31August 2021|||||389,324||392,909|| |RESTRICTED FUNDS|||Movements|Movements||| |---|---|---|---|---|---|---| ||Balance at||Incoming|Outgoing|Balance at|| ||1Sept
E|2020|Resources
E|Resources
f|31Aug
E|2021| |Stredwick
Will Trust Fund||35,600||-1,200||34,400| |Scott Trust Fund||8,000||0||8,000| |Development
Fund||7,885|25,000|-7,885||25,000| |COVID Hardship
Fund||6,406||-6,406||0| |||57,892|25,000|-15,491||67,400| ## ## ||||||~Ei|t||Motor Vehicles|| |---|---|---|---|---|---|---|---|---|---| ||||||2021||2020|2021|2020| ||||||E||E|E|E| |Amounts|due|within|one year||16,209||16,209|60,048|39,312| |Amounts|due|between||two and five years|31,044||47,253|137,556|114,660| |Amounts|due|after|more than five years||||||| ||||||47,253||63,462|197,604|153,972| ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||Funds|Funds|2020| |||||E|E|E| |INCOME FROM;||||||| |Donations|and|legacies||296,662|23,366|320,029| |Charitable|activities - Operation||ofthe school|||| |||School Fees||3,455,535|-1,960|3,453,575| |||Extra Support Fees||26,201||26,201| |Other trading||activities||||| |||School Shop commission||3,178||3,178| |||Lettings||12,360||12,360| |Investments||||1,374||1,374| |Other||||33,061||33,061| |Tota
I Income||||3,828,371|21,406|3,849,777| |EXPENDITURE||ON:||||| |Raising funds||||33,273||33,273| |Charitable|activities|||||| |||Costs ofoperation|ofschool|3,741,429|8,315|3,749,744| |Total Expenditure||||3,903,742|8,315|3,783,018| |Net Income/(Expenditure)||||53,668|13,091|66,759| |Reconciliation||of Funds:||||| |Total funds|at|1September 2020||3,598,305|44,800|3,643,105| |Total funds|at|31August 2021||3,651,973|57,891|3,709,864|